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Suppose you had one of the three winning tickets in last week’s Powerball Lottery; your prize would have been $188 million if you took your winnings in the form of an annuity. If the annuity were paid in 20 annual instalments using an interest rate of 4%, how much would you receive each year? Round your answer to the nearer thousand dollars (i.e. millions rounded to three decimal places
Production When you have completed your study of this chapter, you will be able to 1 2 3 4 Explain how economists measure a firms cost of production and profit. Explain relationship between a firm output and labour employed in short run.
Again, thinking in terms of marginal propensity to consume, under what circumstances would your tax proposal increase total consumption spending? What other policies could be enacted to increase total consumption spending?
What percentage of total spending must president and Congress act upon each year. What accounts for remaining expenditures.
A company expects to achieve cost savings of $4,500 the first year and amounts increasing by $800 each year for the next 5 years. At an interest rate of 10% per year, what is the total present worth of the savings?
Elucidate causes for shifts in supply and demand for the chosen product. Explain how these shifts in supply and demand influence price, quantity and market equilibrium.
Assume that an economy producing two products, skateboards also in-line skates, is initially in equilibrium also that skateboards also in-line skates are substitutes.
A California grower has a 50-acre farm on which to plant strawberries also tomatoes. The farmer needs to know the number of acres of strawberries also tomatoes to plant to maximize profit.
Identify two of the beneficiaries of the secondary markets (of the multi-sided network effects) for Windows OS. And identify the nature of the value(s) of the network effect?
Assuming labour demand is downward sloping and that the labour market is competitive, what happens to national income as a result in immigration.
Joe keeps only 5.5 days-of-supply of inventory on average because much of his inventory is live bait and micro-brew beer, both of which have a short shelf life. What is his annual inventory turns.
q1. bob consumes two commodities x and y say chocolate and classical music. more y never hurts but in order to enjoy y
Assume that the nation of spain is ''small'' and unable to influence the brazilian world price of steel.Spain's supply and demand schedules are illustrated in table 6.11 .Assuma that Brazil's price is $400 per tons of steel.Using graph paper,plot the..
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